The best credit card – Standard Chartered

Prudential Credit Card

A credit card gives you the certainty that you will be able to get what you want when you want it. It is not a mania or a problem, it is one of those things that make your life easier. Although there are thousands of aspects, and people have different opinions, about should we use them or not it is a fact that the credit card usage is increasing every year. Not only this, but banks become more and more convincing in their offers.

Banks have always existed in people’s society to support financial balance. In modern days there are too many banks and too many competitions between them. The struggle is who will offer the best deposit, the best credit card, etc. Most of their offers are so inexpensive that people save half of the money that they are spending through credit cards. Of course, it is not always cash, more often – discounts, rebates, points and miles. If you have a certain way of life and regularly visit the same shops there is a big chance one of the banks to have a contract with them so you can benefit. It is worth checking, what are discounts and rebates of your credit card, and do you need another one, that will have better privileges. We will take a look into different Standard Chartered credit cards from Finty. Standard Chartered PLC is a big British bank but it exists in Singapore for decades and the biggest shareholder actually is Singaporean government.

A brief history of Standard Chartered

In order to understand their generous offers, we will take a look into their history and success during the years. This way you will be able to trust them that they offer real discounts and you will be able to save a big amount of money. In 1969 2 big banks are uniting to form Standard Chartered and they unite the names, too. That’s why Standard comes from the first one and Chartered from the second one. In 1859 they open their branch in Singapore. From the beginning, the bank has managed diamond fields and gold fields so they were secured from big losses. At first, billionaire Khoo Teck Puat, famous hotel owner and banker own more than 11% of the bank but after his death, Government of Singapore got the stake. That’s why Standard Chartered today is one of the most important banks in Singapore. Amazing innovation is ‘The eXellerator’ lab, Standard Chartered’s project for data science about business solutions.

What types of credit cards do they offer?

Standard Chartered Unlimited Cashback Credit Card

If you order this credit card you will get $30 cash from Finty even if you already have a credit card of the same bank. The bank promotion includes $20 cash back if you already have another credit card, which means $50 in total. If you are not an existing cardholder then the cashback may reach to $100 which is amazing! If you love traveling and you are spending money at foreign countries then this card is for you because it has 3% cashback first three months when you get it. Then the percentage is a lower one but it still exists. The big advantage of it is that there is no minimum spend. Because it is travel card or at least its discounts are encouraging travellers – it has more than 20% discounts for petrol. The disadvantage is that you have to have more than $30,000 annual outcome and the third year you will have card tax – $192.60. Bank promo will be yours only if you apply for the card online and you activate it in a month. As you may see there is cash back but there are conditions, too.

Standard Chartered Reward+ Credit Card

The Finty gift is the same as Unlimited Cashback Credit Card gift and the bank promotion is again $100 for non-existing cardholders and $20 for existing. A special bonus is American Tourister 30″ luggage which worth is more than $200. This card is for winning points so you can win 10 points for every dollar spent in another country, for dining and travelling. When you gather enough points you can convert them into miles, vouchers and items. That credit card gives you Platinum Movie Suites Tickets with Cathay Cineplexes and 50% discount for The Fullerton Bay Hotel and Fullerton Hotel Singapore restaurants. Of course, you should have at least $30, 000 and points lasts only 3 years. If you don’t spend them during this time you will lose them.

Standard Chartered Spree Credit Card

This one is suitable for a shopping spree as you can see from the name. The Finty reward and the bank promo are the same amounts. You will have 3% cashback on all online payments and 2% of contactless payments. If you had purchased something and then you find it with a better price on another website, the credit card will give you 50% cashback. The catch is that your cashback is limited to $60 per month and your minimal annual income should be more than $30,000.

Standard Chartered Prudential Platinum Credit Card

The difference form the rest credit cards of Standard Chartered is that you can win 1 point for every dollar and you can convert them into Prudential insurance premium payments. Another difference is that you have travel concierge every day of the week 24 hours.

Standard Chartered Business Platinum Credit Card

Unfortunately, this credit card doesn’t have bank promotion and the awards are equal to awards of Prudential Platinium without the insurance payments. You will have 1 point for 1 dollar and you can use them for travelling, miles, discounts and cash. The advantage is that the card is free of taxes first three years but after that, it comes with $160. Again, points last 3 years only.

 

Foreigner Loan in Singapore – How to Apply

woman applying for foreigner loan in Singapore

Moving to Singapore has some downsides. Singapore is an amazing country, but still, some things need improvements, like higher prices and currency difference. Expats from all over the world move to Singapore, looking for their dream job and prospective future. In reality, moving could be stressful and when it is to a country that is as expensive as Singapore, it becomes more stressful. First few months, for example, are something like a test how you could survive in a new environment with a completely different way of life. Unfortunately, foreigners still don`t have a lot of opportunities to get a loan if they need one.

That’s why money lenders have found a way to help expats when they need additional money for bills or some credit card balance – foreigner loans. If you are in similar situation and need a foreigner loan, Loansingapore.sg  has a list with trustworthy moneylenders in Singapore. It is not very easy for expats to get a personal loan so there is special procedure suitable for them only. Local ties are what is missing to expats and that’s why they are considered as risky clients.

How can I apply for a foreigner loan?

The application process is almost the same as the one for local citizens. In addition, money lenders might want to see visa or working permission. The client has to fill an application and wait for approval. Some moneylenders approve online applications while others stick to personal presence. Submitting online application could save you some time, but we recommend doing it only if you are familiar with the moneylender in personal. The approval might come in an hour or days but often it takes only a few hours. This is the big advantage of moneylenders in Singapore – they are really fast with approving documents. Comparing with banks, this procedure might last a week or more.

What the moneylender might ask from you as documents:

  • Monthly income and documents proving it.
  • Personal ID that shows your real age and that you are an adult.
  • A copy of work permit, passport or visa.
  • Bank account statement for last 3 months or more. Sometimes it is OK to bring a bank account statement from a foreigner bank.
  • If you have a salary slip and employment letter.
  • If you are self-employed, then you should show your tax forms.

These documents may vary so you should consult with the moneylender first. If he wants something special in addition, ask him why. Never give your credit or debit card to your moneylender. He should never ask you to get the original documents for permanent. He will see the originals and will make copies of them, then he should return the originals to you. If your moneylender wants to take your ID or passport don’t give them to him and call the authorities.

 

 

It is good to know that before applying for a foreigner loan, you can make a brief review of your money

In addition, you should have in mind, that your credit score doesn’t follow you wherever you are migrating. Of course, it is not a wise move to get a loan as soon as you move because you will have to give it back eventually. First, you could make a bank account, report your income, and then apply for a foreigner loan.